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Collateral, or collateral security, refers to an asset pledged by a borrower to a lender to support a credit request. Examples include vehicles for car loans, homes for mortgages, and marketable securities like stocks for margin loans. When an asset is pledged, the credit exposure is deemed secured, contrasting with unsecured borrowing, which lacks specific collateral. A lender registers a security interest, or lien, against the asset—this could be the serial number of a vehicle or the title of property. In commercial lending, a general security agreement may register liens against all borrower assets, covering all without specifying individual items.